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Egda Luz is a cheerful and sociable woman. She is 50 years old, married, and has a child who is an adult. In order to provide her family a secure home with the necessary conditions, Egda Luz is requesting her second loan so that she can buy construction materials such as zinc, nails, and wood. She will also cover the cost of labor.
Her dream is to have a decent home.
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Translated from Spanish by Kiva volunteer Ronan Reodica. View original language description.
Egda Luz: Es una mujer alegre y sociable, tiene 50 años de edad, casada, tiene 1 hijo mayor de edad. Con el objetivo de brindarle a su familia una vivienda segura y con las condiciones necesarias, solicita su segundo financiamiento, para comprar materiales de construcción: zinc, clavo, madera y cubrir los costos de mano de obra. Su sueño es tener una vivienda digna.
Pana Pana is a nonprofit civil association founded in 1990 in Nicaragua. The organization?s official name is Asociacion para el Desarrollo de la Costa Atlantica (Association for the Development of the Atlantic Coast) but they have always been know as Pana Pana which means ?mutual help? in the local language.
Pana Pana offers loans for commerce, housing, and a small number of agriculture loans. They also have a small social development unit that runs Pana Pana?s non-financial services. This includes technical assistance for housing loans and the development of a water and sanitation project.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
Kiva loans are facilitated through 2 models, partner and direct, that enable us to reach the greatest number of people around the world.
For partner loans, borrowers apply to a local Lending Partner, which manages the loan on the ground. Lending Partners are responsible for screening borrowers, disbursing loans, posting borrowers to the Kiva website for funding, collecting repayments and otherwise administering Kiva loans on the ground to borrowers.
For direct loans, borrowers apply through the Kiva website and may or may not be endorsed by a Trustee. Unlike Lending Partners, Trustees don't handle any financial transactions or have any duty to repay loans on behalf of their borrowers. Instead, Trustees take the role of providing support and business advice to their borrowers throughout the term of the loan.
A Lending Partner's average loan size is expressed as a percentage of the country's gross national annual income per capita. Loans that are smaller (that is, as a lower percentage of gross national income per capita) are generally made to more economically disadvantaged populations. However, these same loans are generally more costly for the Lending Partner to originate, disburse and collect.
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